NEC to Sell Lighting Subsidiary in April 2019

NEC announced that it will remove the lighting business from its group and sell its lighting subsidiary, NEC Lighting, to a new company founded by Japan Mirai Capital on April 1st, 2019. According to the announcement of NEC, the intense

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Nichia Announces to Expand LED Capacity

The leading Japanese LED producer, Nichia Corporation released the news that the company decided to expand LED production capacity by building a new plant in response to the increasing demands of lighting and backlight LEDs as well as the applications

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Panasonic to Acquire Austrian LED Headlight Maker ZKW Group?

Early estimates that the headlight manufacturer could value US $880 million. Industry insiders believe that Panasonic’s interest in ZKW is due to its aim to penetrate the automobile lighting market, as demands in electronic appliances slows down. Panasonic has already

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Apple’s Wish to Use OLED Displays Puts Pressure on OLED Suppliers

With Apple Inc. planning to adopt OLED displays for its iPhones in 2017, it will need millions of OLED screens. This puts immense pressure on the Japanese OLED display manufacturers to upgrade their manufacturing capacities to meet the huge demand.

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Sony’s New Smart Light Is the Most Versatile We’ve Seen

Sony has upped the ante in the smart home market with the launch in Japan of a new multifunctional light called – wait for it – the Multifunctional Light. Created in partnership with Toshiba Lighting, it builds on the launch

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Japan Energy-Efficiency Plan to Switch Off All Light Bulbs, Fluorescent Tubes

The government plans to phase out all incandescent light bulbs and fluorescent tubes by fiscal 2020 and light up the nation with highly energy-efficient LED. A rapid shift to LED light sources is expected to occur when light bulbs and

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Panasonic Shuts Down Fluorescent Light Production in Indonesia, Laying Off 700 Employees

Panasonic’s lighting business, including bulbs and fluorescent lights, was once a major profit generator for the company. The spread of LEDs, however, has forced the company to review its traditional lighting businesses. The company has spun off its fluorescent lamp

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News Updates for the Week of August 6

1.      U.S. Added 163K Jobs in July; Jobless Rate Rises – Promising rise in job gains after three months of disappointing results is offset by slight increase in the unemployment rate, from 8.2 percent to 8.3 percent.  The broadest measures

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